Finance company


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Finance company

A company whose business and primary function is to make loans to individuals, while not receiving deposits like a bank.

Consumer Finance Company

A non-bank lender. A consumer finance company does not receive deposits, but does make loans to customers for business or personal use. It derives its profits from the interest on these loans. It is also called simply a finance company.
References in periodicals archive ?
My view is that a finance company cannot install a kill switch unless they have clearly informed the consumer, who agrees to it.
A properly structured premium financing transaction allows a finance company to mitigate its credit risk vis-a-vis the insured.
However the Implementing Regulations of the Law on Supervision of Finance Companies provides that neither a real estate finance company nor a micro finance company can carry out more than one finance activity.
For purposes of illustration, let's assume that the manufacturer and the finance company each put in 7.
Even the federal Bank Modernization Act doesn't change the environment that has deprived the finance company industry of oxygen in Arkansas.
Besides interest on the loan, the finance company usually receives a small percentage of the purchase from the retailer.
Rates vary with bank credit policies, but you should figure on 1/2% to 1% over a company's normal bank borrowing rate and another 1% to 2% at a commercial finance company.
Based on the above process, we submitted our revised offer to Tgeer Finance Company S.
A joint partnership has been entered by flydubai, Dubai's innovative low-cost carrier with leading Sharia-compliant financial services group, Islamic Finance Company PJSC.
Did you hear the one about the premium finance company that borrowed funds from itself to pay its insurance premiums?
Tammac Holdings Corporation, a specialty finance company focused on the manufactured housing industry, announced that it has formed a strategic financial relationship with equity investors LLR Partners Inc.
A key component is a treasury function that can source and manage the funds, whether through a bank, finance company or the public markets.